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Lessons From Raising $2.5m in Venture Capital

Updated: Sep 12, 2023


David "Teddy" Owen

Varun Bhanot is the Co-founder & CEO of MAGIC AI.


MAGIC is the UK's first AI Personal Trainer and was founded in 2021 in the South East. After an extensive period of R&D, MAGIC announced their $2.5m venture capital round in July 2023 led by Fasanara Capital.


Angel investors into MAGIC also include the CEOs/Senior executives from Spotify, Stripe, Tough Mudder, Facebook, Citigroup, as well as the founders of major British success stories including Citymapper, OLIO, Beamery, Heights, Humanity and Signal AI.






Here’s a glimpse of what you’ll learn:


  • The Odyssey of Building a Complex Product

  • Cracking the Code for Product Validation: Finding the First 50 Customers

  • Navigating the Funding Landscape

  • Journey to the Heart of Manufacturing in China

  • Why Retail is Such an Important Channel For Them

  • The Intricacies of Paid Ads and Extended Consideration Periods

  • Influencers and Ambassadors in the MAGIC AI Universe


Resources mentioned in this episode:


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